Stay Hungry, Stay Foolish

I found out some interesting things from “Stay Hungry, Stay Foolish” by Rashmi Bansal which is about 25 young entrepreneurs who graduated from IIM-A.

Shantanu Prakash, Educomp Solutions:

Market penetration levels are less than 2%. And Educomp can keep growing 100% over the next ten years without reaching a saturation point.

We are now five times larger than our nearest competitor in India.

Educomp today has atleast 25 employees who are dollar millionaires.

Educomp is valued at about $1.5bn (as of May’08). I think we can be a $10bn company in the next three years.

Vinayak Chatterjee, Feedback Ventures

Money is a by-product. Business growth, turnover, bottomline is a by-product of what your heart and head wants you to do. So if you follow that money will follow. Woh Gandhi waali baat hai ,”Find purpose and the means will follow”.

Feedback is one of the top 10 engineering companies in India with 5000 kms of roads, bridges and industrial parks to its credit.

Somewhere in ’98-99, we built up overheads far higher than our order book. We had negative cash flows. It was the second last day of the month and there was no money to pay salaries. Vinayak met Deepak Parekh and he immediately handed over the cheque.

Deepak Parekh, a “bailout man” ? First UTI, then Feedback and now Satyam.

R Subramanian, Subhiksha

RS started Viswapriya Financial Services & Securities Ltd, an IPO financing company in 1991. In 1996, he exited the business as the markets were very weak but he had money unsure of how to utilise it.

Current situation is completely the opposite. He needs money immediately. I remember, at one point, he mentioned that he will takeover the big players in Retail (read Reliance, Bharti).

Rashesh Shah, Edelweiss Capital

In ’94, the index was at 4500. In 2003, it was at 3000. Adjusted against the inflation, the market had lost 80% of its value.


One response to “Stay Hungry, Stay Foolish

  1. Pingback: Educomp Solutions: A steal at CMP! « Long & Short of Indian Equities

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